Enhanced to include the minimum wage rates for Malaysia, Portugal and South Korea and to include additional information on requirements in Saudi Arabia.
Updated to reflect the repeal of the minimum wage for federal contractors on federal contracts or subcontracts entered into or renewed, extended or modified after January 30, 2022, effective March 14, 2025.
Issued by President Biden in 2021, Executive Order 14026 had initially required a minimum wage for certain federal contractors of $15.00 an hour. With annual inflation adjustments, that minimum wage rose to its current level of $17.75 per hour.